VIOP Index Contract Starts Day with Increase
The April-term index contract experienced a significant increase of 5.1 percent, reaching 10.829.00 in the opening session compared to the previous normal session. This surge came after a decrease of 2.3 percent in the normal session yesterday, with the April futures index contract closing at 10.307.00 points.
The positive momentum in the index contract was influenced by US President Donald Trump’s announcement of a 90-day tariff halt, leading to a 3 percent increase to 10.611.00 points in the evening session. Investors are closely monitoring the news flow regarding tariffs as it continues to impact market sentiment.
In today’s trading session, analysts will be focusing on industrial production and weekly money and bank statistics within the country, alongside inflation data in the United States, weekly unemployment salary applications, average hourly earnings, and the federal budget balance. Technical indicators suggest that the index contract faces resistance at 10.900 and 11,000 points, while finding support at 10.700 and 10.600 levels. Investors are advised to stay informed and make informed decisions based on the latest market developments.
